The US dollar is trading around the highest level in a week against its major counterpart the Japanese yen after the Feds has decided yesterday to keep interest rates unchanged at a its lowest rate between 0.00% and 0.25%. On the other hand, the dollar rose versus major currencies after a report that showed the US factories order has climbed more than expectations, meaning the economic recovery rebounded.
The common currency against the dollar pair dropped during the first today's session, as the European financial crisis still persist. The pair trades around 1.3285, recording a low of 1.3263 and a high of 1.3324, while the pair faces a support at 1.3245. On the other hand, the daily momentum indicators show the pair in an overbought area, pushing the pair to decline during the trading session.
Turing to the British pound versus the US dollar pair also fell during the Asian session and now the pair trades around 1.5568, recording the lowest at 1.5551 and the highest at 1.5599, where the pound faces a support at 1.5535. The daily and four hours momentum indicators show the pair in an overbought area, supporting the pair's downside movement.
The dollar/yen pair rose during Asian session, and now the pair trades around 82.09 level, recording the highest at 82.19 and the lowest at 81.96. The daily momentum indicators give buying signs, while and four hours momentum indicators show the pair in an overbought area.